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Bahrain M2 Money Supply 2.3% y-o-y in Sep-23

- Bahrain's M2 Money Supply growth rate in September 2023 slowed to 2.3% year-on-year, the lowest since May 2022.

- The current growth rate of Bahrain's money supply is significantly lower than both the 1-year average and the long-run average, suggesting a more structural shift in the economy's liquidity dynamics.

Oil: Piling On The Uncertainties

• ‘Events’ last week added to already significant uncertainties around the oil supply/demand equation. In particular, producers and investors alike would do well to recall James Carville’s quip to the effect that he wanted to be reincarnated as the bond market.

By Alastair Newton

Bahrain M2 Money Supply 3.0% y-o-y in Aug-23

- Bahrain's M2 Money Supply grew by 3.0% year-on-year in August 2023, showing a slowdown compared to the previous rate of 3.5%.
- This growth rate falls 2.48pp below the one-year average, suggesting a deviation from the historical trend and potentially impacting lending and investment activities.

Bahrain M2 money supply 3.46% y-o-y in Jul-23

- Bahrain's M2 money supply growth rate in July 2023 declined to 3.46% year-on-year, the lowest since June 2022, falling below both the one-year and long-run averages.
- Private sector loans in Bahrain grew at a modest rate of 1.48% year-on-year in July 2023, indicating subdued demand and potential obstacles to economic expansion.